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Tags: EU | EU | Greece | Airport | Deal

EU Commission Clears Greek Regional Airport Privatization

Friday, 17 March 2017 07:39 AM

ATHENS, Greece (AP) — The European Commission has approved the transfer of 14 Greek airports to a German-led consortium and says it's now up to Greece to finalize the deal, a key element of the country's bailout program.

The Commission says the 1.23 billion-euro ($1.32 billion) agreement can go ahead as it did not involve state aid, was transparent and in line with market conditions.

In a statement Friday, the Commission said Greek authorities now have to complete the transfer and delivery of the airports on a 40-year concession to Fraport AG and its Greek partner, Copelouzos Group. The deal was initially due to come into effect last year.

The 14 airports are Thessaloniki — Greece's second largest city — Mykonos, Santorini, Rhodes, Corfu, Zakynthos, Kefalonia, Kos, Lesbos, Skiathos, Samos, Chania, Kavala and Aktio.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
The European Commission has approved the transfer of 14 Greek airports to a German-led consortium and says it's now up to Greece to finalize the deal, a key element of the country's bailout program.The Commission says the 1.23 billion-euro ($1.32 billion) agreement can go...
EU,EU,Greece,Airport,Deal
131
2017-39-17
Friday, 17 March 2017 07:39 AM
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